NIST to Address Standards for AI in Agentic Procurement

The National Institute of Standards and Technology announced plans to convene a public-private discussion in April 2026 on setting standards for use of AI agents in commercial procurement, following n

DataInnovation

Project44 introduces AI Freight Procurement Agent in transportation platform

Project44 began offering an AI-driven agent in its transportation management system, automating carrier selection, cost benchmarking, and negotiation to reduce freight spend.

Project44

Green Cabbage launches AI Spend Cube for procurement benchmarking

Green Cabbage launched the AI Spend Cube, providing real-time market intelligence and analytics covering pricing and contract terms from 2,700+ major AI procurement deals. The tool is aimed at enterpr

PRNewswire

GSA’s AI Contract Clause Spurs Industry Critique on Procurement Governance

Industry and legal experts analyze the GSA's draft AI contract clause, criticizing it as overly prescriptive while recognizing its focus on data ownership, model neutrality, and contractor liability i

Lawfare

SAP unveils next-gen Ariba with embedded Joule AI for agentic procurement

SAP launches its latest Ariba platform featuring AI agents for bid analysis, contract support, and a unified Fiori-based UX. The update positions Ariba as an orchestration layer for intelligent procur

FuturumGroup

The Hackett Group: AI Deployment in Procurement Nearly Doubled Year-over-Year

A new study reports that AI deployment in procurement has nearly doubled year-over-year, with AI-enabled technology now a top three executive priority; early gains occur in contract management, spend

TheHackettGroup

Kai and Nexthop AI close major funding; $125M and $500M rounds announced

Kai, specializing in cybersecurity for procurement, closed a $125 million round, and Nexthop AI, focusing on AI infrastructure including procurement, secured $500 million in new funding in recent AI s

AIFundingTracker

Procure AI raises $13M to scale autonomous procurement platform

Procure AI closed a $13 million funding round to deploy its AI-native procurement platform featuring 50+ agents, aiming to automate sourcing, contracting, and purchasing for enterprises.

TechEU

ORO Labs Secures $100M Funding to Scale AI-Powered Procurement Orchestration

ORO Labs has successfully raised $100 million in new funding to expand its procurement orchestration platform globally. The platform utilizes AI to streamline and automate complex procurement workflow

Spend Analytics and Risk Dashboards Are Central to 2026 Enterprise Procurement AI

Dashboards offering AI-powered spend analytics and risk detection have become core features in top procurement platforms such as Vertice, Tropic, and Vroozi, according to major 2026 platform evaluatio

Vertice